<?php
use_helper('I18N');
$culture = $sf_user->getCulture();
?>

<?php
$page_title = "Forex";
include_component('component', 'breadcrumb', array("title" => $page_title, "links" => array("Home" => "/home", "Product" => "/product", $page_title => "")));
?>

<div class="content">

    <?php include_component('component', 'sidebar', array("module" => $sf_context->getModuleName(), "action" => $sf_context->getActionName())) ?>

	<div class="maincontent">
		<h5><?php echo __("Forex") ?></h5>
		<p><?php echo __("The Forex (FX) market is considered to be the largest financial market in the world. Traders in the market include banks, corporations, financial institutions, and retail investors. The FX market is also the most liquid market in the world. The average daily turnover in the FX market is US$5.3 trillions (based on the volume in April, 2013, provided by the Bank for International Settlements), and it is continuously growing. It is larger than the combination of stock and futures markets. Market liquidity is rapid so that investors can buy or sell currency immediately without delay.") ?></p>
		<img class="alignleft" src="/images/forex.jpg" alt="#"/>
		<h4><?php echo __("Features") ?></h4>
		<ul>
			<li><?php echo __("The Forex market is open 24 hours a day, 5.5 days a week") ?></li>
			<li><?php echo __("The Forex market is the most liquid in the world") ?></li>
			<li><?php echo __("Flexible leverage – up to 400:1") ?></li>
			<li><?php echo __("It is able to trade effectively by taking account of market movements") ?></li>
		</ul>
		<h4><?php echo __("Examples") ?></h4>
		<b><?php echo __("Example 1 - short EURUSD CFD contract") ?></b>
		<p><?php echo __("1 lot EURUSD CFD contract is worth 100,000 euros.") ?></p>
		<p><?php echo __("Investors believe that euro is overpriced and will depreciate in the future, so they short EURUSD CFD contract.") ?></P>
		<p><?php echo __("When the price of EURUSD is 1.28400/420, investors short 1 lot EURUSD at 1.28400 with a margin of US$1,000.") ?></p>
		<p><?php echo __("When the price falls to 1.26380/400, the investors long 1 lot EURUSD at 1.26400 and gain 200 pips (1.28400–1.26400).") ?></p>
		<p><?php echo __("As investors long at 1.26400 and short at 1.28400, the profit for every single lot of EURUSD CFD contract is US$2,000 (1.28400 x 100,000-1.26400 x 100,000). Total profit in this example is US$2,000 (2,000 x 1 lot).") ?></p>
		<table>
			<tr>
				<th><?php echo __("Short at 1.28400 then long at 1.26400") ?></th>
				<td><?php echo __("200 pips profit") ?></td>
			</tr>
			<tr>
				<th>1.28400 x 100,000 - 1.26400 x 100,000</th>
				<td><?php echo __("US$2,000 for every single lot") ?></td>
			</tr>
			<tr>
				<th><?php echo __("US$2,000 x 1 lot") ?></th>
				<td><?php echo __("US$2,000 profit") ?></td>
			</tr>
		</table>

		<b><?php echo __("Example 2 - long EURUSD CFD contract") ?></b>
		<p><?php echo __("1 lot EURUSD CFD contract is worth 100,000 euros.") ?></p>
		<p><?php echo __("Investors believe that euro is underpriced and will appreciate in the future, so they long EURUSD CFD contract.") ?></P>
		<p><?php echo __("When the price of EURUSD is 1.33080/100, investors long 1 lot EURUSD at 1.33100 with a margin of US$1,000.") ?></p>
		<p><?php echo __("However, the price of EURUSD goes down and when the price falls to 1.31100/120, the investors short 1 lot EURUSD at 1.31100 and lose 200 pips (1.31100–1.33100).") ?></p>
		<p><?php echo __("As investors long at 1.33100 and short at 1.31100, the loss for every single lot of EURUSD CFD contract is US$2,000 (1.31100 x 100,000- 1.33100 x 100,000). Total loss in the example is US$2,000 (2,000 x 1 lot).") ?></p>
		<table>
			<tr>
				<th><?php echo __("Long at 1.33100 then short at 1.31100") ?></th>
				<td><?php echo __("200 pips loss") ?></td>
			</tr>
			<tr>
				<th>1.31100 x 100,000 - 1.33100 x 100,000</th>
				<td><?php echo __("US$2,000 for every single lot") ?></td>
			</tr>
			<tr>
				<th><?php echo __("US$2,000 x 1 lot") ?></th>
				<td><?php echo __("US$2,000 loss") ?></td>
			</tr>
		</table>
    </div>
</div>
